Article
September 2022
Drilling should pick up steam this year, gaining more than 18%, as nearly all regions will see activity increase. Development should thrive, as the world looks for additional sources of crude oil and natural gas.
News
September 21, 2022
Mubadala Energy confirmed the discovery of a good quality gas reservoir penetrated by the Cengkih-1 exploration well in Block SK320, off the coast of Sarawak province, offshore Malaysia.
News
September 06, 2022
Sarawak Shell Berhad, together with PETRONAS Carigali Sdn Bhd, has taken a final investment decision to develop the Rosmari-Marjoram gas project. Gas production is expected to start in 2026.
News
August 16, 2022
Jiangsu Strong Wind Shipyard finished constructing a new floating production unit and it has been delivered to ABS Class. It will be towed from China to Indonesia for installation at the Madura Block gas fields offshore East Java, Indonesia.
News
July 13, 2022
Mubadala Petroleum announced that the drilling of the Timpan-1 exploration well offshore North Sumatra, Indonesia, has been completed with the discovery of a 390-foot gas column.
Article
June 2022
In December 2021, China and Indonesia had a standoff over E&P in the southern South China Sea that involved unequivocal politico-military intimidation. While China has done this to the Philippines, Vietnam, and Japan, this was a first for Indonesia.
News
June 01, 2022
This achievement further establishes the company as a strategic player in the international energy sector and marks a 22% increase in production from 2021.
News
March 21, 2022
Mubadala Petroleum, the Abu Dhabi headquartered international energy company, has successfully commenced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia.
News
March 11, 2022
Saudi Arabia is strengthening energy ties with China, as the oil producer Aramco agreed to build a multi-billion dollar refining and chemicals project.
News
March 10, 2022
Europeans are very lucky that it was a warm winter, panelists said during CERAWeek by S&P Global energy conference, referring to an ongoing natural gas crisis that start long before Russia invaded Ukraine.
News
March 08, 2022
The world and energy market are at a point in history, as important as the end of both world wars, and that was true before the Russian invasion of Ukraine, said Atlantic Council President and CEO Frederick Kempe.
Article
February 2022
The year 2021 witnessed unprecedented development in the energy markets. Such events were contrary to conventional wisdom and have ramifications for the oil markets, for years to come.
Article
February 2022
Every region will post an increase, led by the Middle East, the Americas, Africa and the FSU. Offshore activity will grow at about the same pace as onshore drilling.
Article
January 2022
Underinvestment—a good strategy?
News
January 18, 2022
China’s overseas shipments of fuels fell for a second year as Beijing tightened export quotas, in part to ensure sufficient domestic supply.
News
January 11, 2022
China doubled down on imports of Iranian and Venezuelan crude in 2021, taking the most from the U.S.-sanctioned regimes in three years, as refiners brushed off the risk of penalties to scoop up cheap oil.
News
January 04, 2022
China slashed its fuel export quota by more than half in the first batch of allocations for 2022, highlighting the nation’s strategy of progressively limiting overseas sales.
News
December 20, 2021
Asia’s relentless buying of liquefied natural gas earlier this year has left the region so well stocked for winter that spot shipments are being diverted to energy-hungry Europe.
Article
October 2021
No longer just a byproduct of oil production, natural gas is rapidly becoming an important tool in the worldwide pursuit of carbon emissions reduction.
News
November 18, 2021
Spot freight rates for liquefied natural gas tankers in the Asia-Pacific have surged to record highs as a steady flow of U.S. cargoes to the region boosts demand for ships.
News
November 18, 2021
China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil consumers are willing to work together to keep a lid on energy costs.
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